Oct 5, 2012 4:00am PDT
been arrested in a mass case of medicare fraud. fbi raids in 9 cities led to the arrest of doctors, nurses and other healthcare professionals. the crimes scammed an estimated $432 million from medicare. a majority of the fraud took place in miami. other cities hit include chicago, detroit, baton rouge, l.a., new york, tampa, dallas, and houston. those arrested are being accused of false billing. "these alleged actions represent an alarming, and unacceptable, nationwide trend of individuals attempting to exploit federal healthcare programs and, collectively, to steal billions in taxpayer dollars for personal gain." that was attorney general eric holder. holder calls the fraud case one of the largest medicare fraud schemes ever. american airlines is addressing its flight problems. the airline said yesterday that it has inspected 48 boeing 757s in its fleet and is fixing loose seats on some of them. all of the planes are back in service. this week, rows of seats became loose on 3 flights and resulted in 2 emergency landings. during the next few weeks, federal regulators will work with
Oct 4, 2012 4:00am PDT
is the first city to get redbox tickets. for the forth year in a row, there's no baby boom. fewer babies were born this year. it's been a trend since the recession hit. prior to 2008, birth rates had risen steadily since the early 90s. however, since the economy tanked, baby births have declined. still to come, some surprise hits are helping bring audiences back to the box office. that's later in movies and money. but first, groupon's shares have dropped dramatically in value. we'll hear what some former employees have to say about that. paul eggers reports, next. lifelock is one of eight companies launching ipos this week. the identification company had an initial price tag of $9. it closed out its first trading day at $8.36. other companies going public this week include dave and buster's and luxfer holdings, to name a couple. it's the most companies going public in one week since july, with the wall street journal reporting the deals are expected to raise over a billion dollars. in less than one year, online coupon company groupon moved from massively hyped to a mostly forgotten $4 stock.
Sep 28, 2012 4:00am PDT
in europe are bracing for a drop in sales. but that didn't stop the spotlight from shining on the city of lights for one of the nation's largest car shows. high-end auto mobiles from bentley, lamborghini and jaguar were rolled out this week, as auto makers target drivers of luxury automobiles. the show comes at a time when new car registrations in the region have slowed 7%. teams from europe and the u.s. are teeing off for the ryder cup this week. this year's match is happening just outside of chicago. paul eggers reports on how the economy is coming into play on the golf course. a gallery of more than 40,000 golf fanatics from across the u.s. and europe will visit medinah country club each of the next three days for golf's premier team event. and they'll pay big bucks for the privilege. "our condo is about $2,000 for the week, our tickets were $700...probably in the vicinity of $3-4,000. the ryder tickets and all gets into about a few thousand dollars real quick." the dollars spent here offer a sharp contrast to tough economic conditions in both regions. in europe, the concern remains
Oct 1, 2012 4:00am PDT
good if you are driving into the city. we will tell you more about that straight ahead. at 4:29 let's go back to the desk. >>> the search continues for two missing men off